by Jack Lee
What is the one thing that Republicans, Democrats, Libertarians, Greens and virtually all 3rd party organizations have as a common interest? Well, assuming they work in the private sectors its economic growth and prosperity. But, thanks in part to a global recession and in more recent terms to failed fiscal policies and a government penchant for over regulation and over taxation, there is no job growth because there is no economic growth. You can’t suppress businesses and grow jobs.
At this time the private sector is under severe stress. Is there anyone with an IQ over 80 who would deny this? Many of us believe it’s no exaggeration to say we are facing perhaps our greatest economic challenge since our inception. For example, we needed to create about 20 million new jobs just to accommodate those graduating from high school and college. So, what actually happened?
- The private sector workforce shrank by 3 million jobs between 2000 and 2010, a shortfall of 23 MILLION jobs!
- Private sector workers earned $300 BILLION less in the first quarter of 2010 than they earned in the last quarter of 2007.
- Government grew by 2 million workers, to 22 million. Federal workers earn compensation and benefits that are DOUBLE private sector averages, and non-federal government workers earn 50% more.
- The burden of paying for lavish government and public education pay and benefits is crippling the entire economy and destroying the creator of job growth in America…the private sector.
Small businesses and large corporations have become more burdened with ever-increasing government interference and taxation that robs them of the capital necessary to expand. Huge costs and trillions of dollars in hidden liabilities that are only now beginning to be seen have been accrued and we have not even begun to address what torts and rampant litigation has done to businesses.
Quite simply the private sector consists of individuals who all pay taxes to support the “public sector.” It is unfair to tax the employees and the businesses of America to the point of extinction in order to support “public servants” who receive a hugely disproportionate share of all tax dollars taken from the private sector. The burden to support this socialist agenda is unsustainable and violates the principles of economics. The evidence to support this claim is now abundantly clear to those European nations that have walked down the path of socialism long before us and they now find themselves on the edge of economic ruin.
Greece, France, Iceland and Spain are some of the most extreme examples of failed nations because of failed economic policies. They have lost the ability to remain independent and found it necessary to seek welfare from stronger nations. This has created economic and civil turmoil.
We must learn from these horrific examples because this is going to be our future unless we make some immediate course corrections.
Barrack Obama, the leader of the free world, says he wants to create more jobs, but we also see that he has a distain for large corporations and loathes business leaders. How does one both create jobs while disparaging and obstructing business leadership? Obviously, you don’t unless your objective is bringing down capitalism. Yet this is where leftist democrats in our nation have chosen to go and our only hope is to continue to fight them and reject their socialist agenda at the ballot box. It’s time to rejoin the fight, because this time you can’t afford to sit it out. No matter what party you belong too, if you support free enterprise you better vote for conservatives or we’ll be relinquishing our superpower status and all that goes with it to someone else.